Waste Connections: A Stable Business For Uncertain Times

Currently, there are plenty of uncertainties going around. During times of uncertainty, it's good to take a step back and search for stability. Waste Connections (WCN) is a great place to start. However, its stability isn't cheap. ​

Here are the main points of this report:  

• The waste management industry is essential with little sensitivity to business cycles. 
• Waste Connections is a responsible consolidator with reasonable debt levels. 
• The company is trading at a slight premium to its peers. ​

Industry Snapshot
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The North American waste management market size is expected to reach $229.3 billion by 2027, from $208.0 billion in 2019, registering a CAGR of 5.3% from 2020 to 2027. The industry's growth is being driven primarily by two factors.
 
The first is that rapid urbanization and industrialization are expected to generate large amounts of waste. Obviously, more waste created means more waste management services are required. The second catalyst is increased environmental awareness regarding renewable waste management systems among people and a rise in CO2 emissions.
 
*This is a premium seeking alpha article, so we can’t fully post it here.*   ​

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